CH Energy Slips; Abaxis Shares Soar U.S. small-capitalization stocks traded in a tight range and both benchmark indexes closed out July with gains of more than 6% and posted their first monthly gain since April.
Merck Throws Dow for a Loss In the final session of the market s best month in a year, blue-chip stocks fell slightly as data showed U.S. economic growth slowed in the second quarter while Merck s sales disappointed.
US stocks posted their best monthly performance of the year, led by the Dow Jones Industrial Average with a gain of 7.1%. Within the S&P 500 sectors, industrial and material companies rose the most in July.
Wall Street finished flat on Friday after spending most of the day in negative territory because of concerns about the slowing rate of economic growth.